Creston was once a thriving town along the Milwaukee Railroad tracks that ran between Murdo and Rapid City. The town owes its existence to the railroad which was constructed through the area in 1907. The Dust Bowl and the abandonment of the railroad in 1980 contributed to a decline in population.

Currently no residents reside in Creston, which is situated on the banks of Rapid Creek. The only remains of the town are some building foundations, some abandoned farm equipment, an abandoned railroad grade, rock quarry, railroad bridge, and a dirt road named after the town (Creston Rd). An active rock quarry, once served by the Milwaukee Railroad at Everist Spur is two miles east of Creston. Just east of Creston the railroad curves to the south through a large cut in the rolling hills; Creston Road parallels the railroad grade down into the Cheyenne River valley.